Hi Rick Point 1..... No. But I will trade the Trend numerous...

  1. 320 Posts.
    Hi Rick
    Point 1..... No. But I will trade the Trend numerous times if I get an entry signal.
    I'm not one to be afraid of re-entering a trade. I usually trade between .5 and 1 Standard Lot
    depending on S/L distance. If outside of hours where I 'm not watching it hits my stop or
    T/P obviously I am out of the trade. If I'm watching and it gets close to my T/P I will sometimes
    move it and ride the trend. I will then trail the stop to an area just below possible new support.
    I don't drag it to Breakeven straight away like most do.
    If the trade goes wrong from the start I never move my S/L. If I've risked $450 on the trade
    that's what I lose, plus any - Swap rates. I only trade off sup. res. levels on Daily and 4H
    and also sometimes 1H. Sundays I draw up levels on every one of those charts including
    Gold, Oil, USdollar. and a couple of Indices. So there is always a chance of a trade and
    sometimes up to 10 at once. I only trade the one system usually . Sometimes I also trade
    divergence on AO indicator on 4H chart, and H & S or inverse H & S on Daily charts.

    As for point 2....... Nice artwork.
 
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